Iron Mountain Incorporated Announces Debt Offering
Iron Mountain (NYSE: IRM) has announced a private placement offering of $750.0 million in Senior Notes due 2033. The Notes will be guaranteed by the Company's subsidiaries that are obligors under existing notes series. The proceeds will be used to repay a portion of outstanding borrowings under the Company's revolving credit facility. The Notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States under Regulation S.
Iron Mountain (NYSE: IRM) ha annunciato un'offerta di collocamento privato di 750,0 milioni di dollari in Obbligazioni Senior con scadenza nel 2033. Le Obbligazioni saranno garantite dalle controllate della Società che hanno vincoli sulle serie di obbligazioni esistenti. I proventi saranno utilizzati per rimborsare una parte dei prestiti in essere sotto la linea di credito revolving della Società. Le Obbligazioni saranno offerte esclusivamente a investitori istituzionali qualificati ai sensi della Regola 144A e a soggetti non statunitensi al di fuori degli Stati Uniti ai sensi della Regolamentazione S.
Iron Mountain (NYSE: IRM) ha anunciado una oferta de colocación privada de 750,0 millones de dólares en Notas Senior con vencimiento en 2033. Las Notas estarán garantizadas por las subsidiarias de la Compañía que son obligadas bajo las series de notas existentes. Los ingresos se utilizarán para pagar una parte de los préstamos pendientes bajo la línea de crédito revolving de la Compañía. Las Notas se ofrecerán exclusivamente a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses fuera de los Estados Unidos según la Regulación S.
아이언 마운틴 (NYSE: IRM)은 2033년에 만료되는 7억 5천만 달러 규모의 고위험 회사채 사모 발행을 발표했습니다. 이 어음은 기존 채권 시리즈의 채무자로 있는 회사의 자회사들에 의해 보증됩니다. 조달된 자금은 회사의 회전 신용 시설 아래의 미결제 차입금 일부를 상환하는 데 사용될 것입니다. 어음은 144A 규정에 따라 자격 있는 기관 구매자에게 독점적으로 제공되며, 미국 외 지역의 비 미국인에게는 S 규정에 따라 제공됩니다.
Iron Mountain (NYSE: IRM) a annoncé une offre de placement privé de 750,0 millions de dollars en Obligations Senior arrivant à échéance en 2033. Les Obligations seront garanties par les filiales de la Société qui sont débiteurs dans le cadre des séries de notes existantes. Les produits seront utilisés pour rembourser une partie des emprunts en cours dans le cadre de la facilité de crédit renouvelable de la Société. Les Obligations seront offertes exclusivement à des acheteurs institutionnels qualifiés selon la Règle 144A et à des personnes non américaines en dehors des États-Unis selon le Règlement S.
Iron Mountain (NYSE: IRM) hat eine private Platzierungsanleihe über 750,0 Millionen Dollar in Senior Notes mit Fälligkeit 2033 angekündigt. Die Anleihen werden von den Tochtergesellschaften des Unternehmens, die Verpflichtungen unter den bestehenden Anleihenserien haben, garantiert. Die Einnahmen werden verwendet, um einen Teil der ausstehenden Darlehen unter dem revolvierenden Kreditangebot des Unternehmens zurückzuzahlen. Die Anleihen werden ausschließlich institutionellen Käufern gemäß der Regel 144A und Nicht-US-Personen außerhalb der Vereinigten Staaten gemäß der Regulation S angeboten.
- Debt refinancing of $750.0 million could improve the company's debt structure
- Potential reduction in revolving credit facility exposure
- Increased long-term debt obligations through 2033
- to institutional buyers, potentially restricting broader market participation
Insights
This
The private placement approach to qualified institutional buyers suggests a more streamlined process compared to a public offering, though it limits the potential investor base. Iron Mountain's strong market position in information management and its
The revolving credit facility paydown improves financial flexibility by freeing up available credit for future operational needs or strategic initiatives. This move aligns with prudent balance sheet management practices while maintaining the company's overall leverage profile.
The Notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or under any state securities law, and may not be offered or sold in
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 60 countries, including approximately
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Investor Relations Contacts:
Mark Rupe
SVP, Head of Investor Relations
Mark.Rupe@ironmountain.com
Erika Crabtree
Manager, Investor Relations
Erika.Crabtree@ironmountain.com
Source: Iron Mountain Incorporated
FAQ
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